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Lendingtree
(NASDAQ:TREE)
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Rating:72Outperform
Price Target:
$51.00
▲(6.34% Upside)
Action:Upgraded
Date:06/19/26
The score is driven primarily by improving financial performance (profitability rebound and positive free cash flow) and strong earnings-call execution signals (record quarter, sharply better leverage and credit upgrade). Valuation is a major positive due to the very low P/E, while the technical picture remains a key offset with price still below major longer-term moving averages and negative MACD.
Positive Factors
Profitability rebound & cash generation
LendingTree’s shift to consistent TTM profitability (~15% net margin) and positive free cash flow improves durable self-funding capacity. This strengthens the company’s ability to invest in product, marketing and AI initiatives, reduces reliance on external capital, and cushions against cyclical revenue swings.
Negative Factors
Residual leverage & thin equity
Although leverage improved, meaningful remaining debt and relatively thin equity reduce downside absorption. In a revenue or margin shock, this limited equity buffer could constrain capital flexibility, force defensive cost cuts or make debt servicing and refinancing more stressful for the business.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability rebound & cash generation
LendingTree’s shift to consistent TTM profitability (~15% net margin) and positive free cash flow improves durable self-funding capacity. This strengthens the company’s ability to invest in product, marketing and AI initiatives, reduces reliance on external capital, and cushions against cyclical revenue swings.
Read all positive factors
Lendingtree Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Reveals the profitability of different business segments, highlighting which areas are driving financial success and where there might be challenges or opportunities for improvement.
Reveals the profitability of different business segments, highlighting which areas are driving financial success and where there might be challenges or opportunities for improvement.
Data provided by:
The Fly
The FlyLendingtree (TREE) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$625.65M
Dividend YieldN/A
Average Volume (3M)258.20K
Price to Earnings (P/E)3.5
Beta (1Y)1.39
Revenue Growth23.93%
EPS GrowthN/A
CountryUS
Employees927
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)12.45
Shares Outstanding13,953,018
10 Day Avg. Volume296,593
30 Day Avg. Volume258,197
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)2.51
Price to Sales (P/S)0.65
P/FCF Ratio11.88
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue0.71
Enterprise Value/Gross Profit0.73
Enterprise Value/Ebitda6.02
Forecast
1Y Price Target
$65.83Price Target Upside37.27% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
EPS Forecast (FY)5.65
Revenue Forecast (FY)$1.32B
Lendingtree Business Overview & Revenue Model
Company Description
LendingTree, Inc., primarily operating through its subsidiary LT Intermediate Company, LLC, maintains a robust online platform serving consumers throughout the United States. The company structures its diverse financial offerings across three key ...
How the Company Makes Money
LendingTree primarily makes money by monetizing consumer demand for financial products through its marketplace model. Its core revenue streams are: (1) Performance-based marketing/lead generation: When consumers submit requests or applications thr...
Lendingtree Earnings Call Summary
Earnings Call Date:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 23, 2026
Earnings Call Sentiment Positive
The call emphasized a strong start to the year with record revenue, a 71% YoY adjusted EBITDA increase, significant balance sheet improvement and an S&P upgrade. Multiple strategic initiatives—AI adoption, homepage redesign, organic mix focus, and investments in SMB and marketing—support sustainable margin expansion. Notable near-term headwinds include softening consumer loan demand, reduced close rates and pressure in the home mortgage segment due to high rates and weak consumer sentiment; management has taken a conservative tone in guidance because of these factors. Overall, the positives (material revenue/profit growth, segment leadership in insurance, balance sheet strength, and clear operational initiatives) significantly outweigh the near-term challenges.Positive Updates
Strong Revenue and Profit Growth
Record revenue quarter with revenue up 37% year-over-year; adjusted EBITDA increased 71% YoY and was the highest quarterly adjusted EBITDA in years.
Negative Updates
Softening Consumer Loan Demand and Reduced Close Rates
Noted softening in consumer demand for loans late in the quarter tied to macro dynamics; small business borrowers showing fewer applications and smaller loan sizes. Decrease in close rates reduced RPLs, and demand only partially recovered in April.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Revenue and Profit Growth
Record revenue quarter with revenue up 37% year-over-year; adjusted EBITDA increased 71% YoY and was the highest quarterly adjusted EBITDA in years.
Read all positive updates
Company Guidance
The company guided conservatively for 2026, citing a midpoint outlook that implies adjusted EBITDA is running at a 3‑year CAGR of ~26% while assuming very muted seasonality in consumer (with the possibility of further credit tightening); Q1 results included a 71% YoY increase in adjusted EBITDA on a 37% revenue increase, a record revenue quarter and the highest quarterly adjusted EBITDA in years, consumer revenue up 49% YoY (led by small business lending) but with softer demand and reduced close rates/RPLs, insurance VMD beat the prior Q4 record of $48M by roughly $10M (~20%) and is expected to normalize in Q2 but remain materially ahead year‑over‑year, home is at cyclical lows with expectations for Q2 revenue growth and margin expansion after a dedicated marketing investment, net leverage improved to 2.1x from 3.4x a year ago and the company received an S&P upgrade to B+ (stable), and management highlighted that every 5‑point increase in organic revenue mix would drive ~$40M of incremental segment profit and ~400 bps of variable marketing margin uplift.Lendingtree Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
62
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.20B | 1.12B | 900.22M | 672.50M | 984.99M | 1.10B |
| Gross Profit | 1.16B | 1.05B | 864.15M | 633.74M | 927.22M | 1.04B |
| EBITDA | 141.53M | 103.76M | 73.12M | 35.26M | 17.05M | 60.88M |
| Net Income | 180.95M | 151.31M | -41.70M | -122.40M | -187.95M | 69.11M |
Balance Sheet | ||||||
| Total Assets | 863.88M | 855.69M | 767.67M | 802.76M | 1.20B | 1.30B |
| Cash, Cash Equivalents and Short-Term Investments | 85.52M | 81.07M | 106.59M | 112.05M | 298.85M | 251.23M |
| Total Debt | 437.85M | 439.61M | 544.09M | 611.15M | 912.76M | 748.92M |
| Total Liabilities | 559.15M | 568.89M | 658.85M | 678.63M | 991.37M | 851.36M |
| Stockholders Equity | 304.73M | 286.80M | 108.82M | 124.13M | 207.94M | 447.99M |
Cash Flow | ||||||
| Free Cash Flow | 73.09M | 60.68M | 51.04M | 55.04M | 31.52M | 89.81M |
| Operating Cash Flow | 84.86M | 73.10M | 62.26M | 67.57M | 42.97M | 124.87M |
| Investing Cash Flow | -9.23M | -9.93M | -11.22M | -12.48M | -27.88M | 13.38M |
| Financing Cash Flow | -116.51M | -88.70M | -56.50M | -242.01M | 32.67M | -56.96M |
Lendingtree Technical Analysis
Positive
47.96
Price Trends
39.37
Positive
40.78
Positive
48.84
Negative
Market Momentum
2.02
Negative
67.43
Neutral
83.21
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TREE, the sentiment is Positive. The current price of 47.96 is above the 20-day moving average (MA) of 40.47, above the 50-day MA of 39.37, and below the 200-day MA of 48.84, indicating a neutral trend. The MACD of 2.02 indicates Negative momentum. The RSI at 67.43 is Neutral, neither overbought nor oversold. The STOCH value of 83.21 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TREE.
Lendingtree Risk Analysis
Lendingtree disclosed 52 risk factors in its most recent earnings report. Lendingtree reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Lendingtree Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $429.45M | 1.01 | 10.94% | 2.12% | 61.37% | 44.39% | |
72 Outperform | $625.65M | 3.48 | 85.96% | ― | 23.93% | ― | |
71 Outperform | $750.09M | 6.48 | 27.46% | ― | 20.77% | ― | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | $250.63M | 14.82 | 4.63% | ― | -3.81% | ― | |
54 Neutral | $104.81M | -0.36 | 0.54% | 10.37% | -13.83% | -154.13% | |
42 Neutral | $371.61M | -3.28 | -32.25% | ― | 14.29% | 21.88% |
* Financial Sector Average
TREE
Lendingtree
45.88
7.28
18.86%
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1.14
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1.26
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OPRT
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5.63
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HIPO
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28.91
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WDH
Waterdrop
1.18
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-13.99%
Lendingtree Corporate Events
Executive/Board ChangesShareholder Meetings
LendingTree shareholders approve directors, pay and auditor
Neutral
Jun 18, 2026
LendingTree, Inc. held its 2026 Annual Meeting of Stockholders on June 17, 2026, with 11,610,156 of 13,953,018 eligible shares represented, constituting a quorum, as investors reviewed governance, compensation and audit matters. Shareholders elect...
Business Operations and StrategyExecutive/Board Changes
LendingTree Chief HR Officer Departs with Transition Plan
Neutral
May 18, 2026
LendingTree announced that Chief Human Resources Officer Jill Olmstead will leave her role, with her employment terminating without cause effective May 31, 2026, and the board’s compensation committee approving severance benefits under its E...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.